Corporate Issuers是原来的公司金融科目,在2022CFA二级中有很多删除的知识点,那你知道是哪些知识点被删除?今天和小编看看这个科目!

公司金融主要变化是减负,删除了很多定量考查的知识点,包含HHI指数,在并购背景下对目标公司估值的几种方法等;这些内容均为非重点知识点。

2021 Reading 20 Capital Structure

·LOS c:describe the role of debt ratings in capital structure policy;

2021 Reading 21 Analysis of Dividends and Share Repurchases

·LOS d:explain how clientele effects may affect a company's payout policy;

2021 Reading 23 Mergers and Acquisitions

·LOS g:calculate and interpret the Herfindahl-Hirschman Index and evaluate the likelihood of an antitrust challenge for a given business combination;

·LOS i:calculate free cash flows for a target company and estimate the company's intrinsic value based on discounted cash flow analysis;

·LOS j:estimate the value of a target company using comparable company and comparable transaction analyses;


2021 Reading 19 Capital Budgeting

·LOS h:calculate and interpret accounting income and economic income in the context of capital budgeting;

·LOS i:distinguish among the economic profit,residual income, and claims valuation models for capital budgeting and evaluate a capital project using each

除了内容变化,科目名称由Corporate Finance调整为Corporate Issuers;章节顺序把Capital budgeting调至*后,

公司治理Reading名称变为EnvironmentalSocialand Governance ESGConsiderations in Investment Analysis,均非实质变化